Macy's Insiders Sell $6.1 Million in Stock

As the retail giant's stock reached a new high, insiders sold 102,000 shares.

A parade of five Macy's insiders sold 101,928 shares for $6,123,642, an average of $60.08 each, from April 1 through 4. Insiders sold on the open market and through options exercises as the stock set an intraday record high.

Peter R. Sachse, chief stores officer, exercised options and sold 18,014 Macy's (ticker: M) shares for $1,098,931. Regulatory filings show the exercise price was $36.26 each and that they were set to expire on...